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6 of the Largest Oil Fields in the World Still Waiting to be Developed

Oilprice.com
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For a variety of reasons there still exist many untapped oil fields in the world. Those reasons may be political, technological, geological, or economical; but as time goes on they are being resolved to the extent that some huge fields are now becoming available for exploration and production....

The Santos and Campos Basins in Brazil are estimated to contain 123 billion barrels of crude. They are a hot topic in the world of oil due to their size, and companies such as Chevron are keen to work on them. However their location, miles below the surface of the ocean and trapped beneath layers of salt, makes extracting the oil very difficult.

The Orinoco Belt in Venezuela is estimated to contain 513 billion barrels of oil. However western companies have been pulling out of the region despite

HypermilinJeff wrote: "It seems to me we're sucking the Earth dry... when will it run out?"

Believe it or not but there are "smart" people here who believe we will never run out since "oil is still being created". Apparently in such quantities that we don't have to worry about it ever running out. That has to be right up there with Intelligent Design, another "neither" phrase just like "Moral Majority".

This would be good news if it can be developed. It would help lower the world price of oil. We still wouldn't have to buy from anyone else if the Obstructionist in Chief would get out of the way. Whether he admits it or not, he and his energy secretary still want gas at $6 to $10 a gallon to force us all into Volts. I guess when we all die from the house fires started by the Volts, that would fix the Social Security and Medi-care problems at the same time. Perhaps Obama is smarter than I thought.